Philbrick Company signed a three-year contract to provide sales training to the e contract price i estimaixdbe of ployex ox iraiicd is A0). Thxpcxcd nunr to b trained in each year and the expected training costs follow Number of Training Costs Employees Incurred 2016 2017 2018 125 200 75 9424 560,000 75,000 40,000 $175,000 Total Required For each year, compute the revenue, expense, and gross profit reported assuming revenue is recognized using the following method